1 . Enter Loan Amount

• The total amount of money you wish to borrow from the lender.
• Example: ₹5,00,000

2 . Enter Loan Tenure

• The duration over which you want to repay the loan.
• Usually, this is entered in months (12, 24, 36, etc.) or years (1, 2, 3, etc.)
• Example: 5 years or 60 months.

3 . Enter Interest Rate

• The annual interest rate charged by the lender.
• Interest rate can be fixed or variable.
• Example: 10% per annum.

4 . Select Type of Interest (Fixed or Reducing...)

• Fixed Interest: The interest rate remains the same throughout the loan tenure
• Reducing Balance: The interest is calculated on the outstanding loan balance, so the EMI reduces over time as the loan principal reduces

5 . Calculate EMI

• Once all the details are entered (Loan Amount, Tenure, Interest Rate), click on "Calculate " or "Submit."